Ripple is facing accusations of concealing XRP sales through escrow transactions, a move drawing significant scrutiny from blockchain analysts and the cryptocurrency community. Evidence suggests that suspicious transfers from Ripple’s official escrow accounts have led to an influx of XRP on exchanges like Bitstamp and Bitso. While Ripple maintains its policy of locking most XRP in escrow, releasing monthly amounts, these alleged off-market sales have raised concerns about potential market manipulation. 🤔
Blockchain analysts have highlighted the unusual activity, noting that funds from Ripple’s escrow accounts are being moved to intermediary wallets, ultimately leading to increased liquidity and potential price volatility.